Fiscal Year 2018 TransNet Fiscal & Compliance (AUP) Audit Schedule C Preparation Welcome Hope this workshop is beneficial to you Ask questions anytime – open to discussion

Set Up the FY 2018 Schedule Update Year Add new line for FY 2018 Set up Cumulative Balances

Set Up the FY 2018 Schedule Use this column if Funds were Committed in the RTIP & have not been spent Either apply Interest Income here or to each line with unspent/uncommitted funds Represents all funds Programmed in the RTIP that have not been spent

Gather Data Locate Programmed Projects in the RTIP Run systems reports to determine: Revenue received Interest earned Expenditures Determine if prior year data requires adjustments

What are my Programmed Projects? On the Activity Bar in ProjectTrak, choose Project Tools My Project List Lead Agency = your jurisdiction Project Type = Local Improvements - RAS

Locate ‘Loc Funds – Local RTCIP’ If there are current year expenditures, ensure the MPO ID has funds Programmed for the current year. Schedule C: Enter the MPO ID in the MPO ID column next to the corresponding year. (Note: there may be multiple MPO IDs for a given year)

Enter MPO ID in Schedule Enter MPO ID(s) for each year with expenditures Enter MPO ID(s) for at least Project Year FY 2011 to indicate funds have been Committed within 7 years

How do I apply Interest? FY09-FY15: Interest earned was applied to each year that had a beginning balance FY 2016+ Are prior years funds Committed (Programmed) in the RTIP? If yes, then apply all Interest earned in FY 2018 to the pooled ‘Interest Income’ line If no, okay to apply interest to years with beginning balance that have Uncommitted funds or to apply to the pooled ‘Interest Income’ line

How do I apply Interest? If Cumulative Status @ 6/30/17 is $0, then do not apply more interest to that line

How do I apply Interest? If Balance on any given line is fully Committed in the RTIP at 6/30/18, then do not apply Interest to those Project Years, and choose one of the following options: Apply interest to each Project Year that is not fully Committed; or (see next slide)

How do I apply Interest? Apply all FY 2018 to a pooled ‘Interest Income’ line

How do I apply Interest? If Balance at 6/30/18 is NOT fully Committed in the RTIP for a given Project Year, then choose one of the following options: Apply interest to each Project Year that is not fully Committed Apply all FY18 interest to a pooled ‘Interest Income’ line

Apply Activity Apply all Exaction (RTCIP) Fees collected in FY18 to Project Year ‘For Fiscal Year ended June 30, 2018’ Apply expenditures to the oldest year with a balance at 6/30/18 (FIFO) Located a prior year adjustment? Enter in Adjustments column with the applicable Project Year Footnote is required in the year of adjustment Update the Cumulative Status – June 30, 2018 FY 2010 row will drop off after FY18 audit is complete AND there is no FY17 and FY18 balance

How Many Years of Activity? Remove Project Year 2010 if FY18 & FY17 Cumulative Status is $0

Questions? Contacts: Ariana Zur Nieden, RTCIP-specific questions 619.699.6961 azu@sandag.org Sue Alpert, RTIP & ProjectTrak questions 619.595.5318 Sue.Alpert@sandag.org Tritia Foster, audit questions TFoster@davisfarr.com Sam Diche, general TransNet questions 619.699.6909 Samuel.Diche@sandag.org